Mathcad is computer software used to combine variables, text, and images into a worksheet. This allows for easy manipulation of inputs and expressions that update in real-time. It provides hundreds of functions for solving problems simply or complexly and can perform numerical or symbolic calculations quickly. Some key advantages include easy linking to other files, automatic unit conversion, plotting, simplifying expressions, solving equations and inequalities, and finding roots. While Excel is better for tables, Mathcad makes equations and calculations easier to write, understand and repeat with different parameters.